SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB



(Mark One)
     [X] Quarterly  report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the fiscal year ended June 30, 1997.

     [ ] Transition report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the transition period from to


     Commission file number:  0-13409


                        Eurotronics Holdings Incorporated
                 (Name of Small Business Issuer in Its Charter)

             Utah                                       87-0550824
(State or Other Jurisdiction of                     (I.R.S. Employer
Incorporation or Organization)                     Identification No.)


             1130 John Anderson Drive - Ormond Beach, Florida 32176
                    (Address of Principal Executive Offices)


                                 (904) 441-1031
                (Issuer's Telephone Number, Including Area Code)


     Check  whether  the issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                                    Yes No XX

     The number of shares  outstanding of the issuer's  common stock,  par value
$0.0001, as of August 26, 1997 was 3,943,187.


                                                                  Total Pages: 6
                                                        Exhibit Index on Page: 6
<PAGE>
                                TABLE OF CONTENTS


                                     PART I


ITEM 1.  FINANCIAL STATEMENTS ........................................    3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION ...    3

                                     PART II

ITEM 6        EXHIBITS AND REPORTS ON FORM 8-K  ......................    4

              SIGNATURES .............................................    5

              INDEX TO EXHIBITS ......................................    6
<PAGE>
                                     PART I



ITEM 1.  FINANCIAL STATEMENTS



     Unless  otherwise  indicated,  the term  "Company"  refers  to  Eurotronics
Holdings   Incorporated   and  its   former   subsidiaries   and   predecessors.
Consolidated,  unaudited interim financial  statements including a balance sheet
for the Company as of the fiscal  quarter ended June 30, 1997 and  statements of
operations and statements of cash flows for the interim period up to the date of
such balance sheet and the  comparable  period of the preceding  fiscal year are
attached  hereto  as Pages  F-1  through  F-5 and  incorporated  herein by this
reference.
<PAGE>
                                     PART I

ITEM 1.  FINANCIAL STATEMENTS

INDEX TO UNAUDITED CONDENSED FINANCIAL STATEMENTS                           PAGE

Balance Sheets ...........................................................   F-1

Statements of Operations .................................................   F-2

Statements of Stockholders' Deficit ......................................   F-3

Statements of Cash Flows .................................................   F-4

Notes to Financial Statements ............................................   F-5

<PAGE>
                        EUROTRONICS HOLDINGS INCORPORATED
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                        Unaudited Condensed Balance Sheet
                                  June 30, 1997


                                                               ASSETS

Current Assets
   None .................................................     $      --

Total Current Assets ....................................            --

TOTAL ASSETS ............................................     $      --
                                                              ===========

LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accrued expenses .....................................     $   170,848
                                                              ------------

Total Current Liabilities ...............................         170,848

Shareholders' Deficit
   Common stock par value $.0001; 200,000,000
     shares authorized; 4,620,336  shares issued ........             462
   Additional paid-in capital ...........................         986,714
   Deficit accumulated during development stage .........      (1,158,024)
                                                               -----------

Total Shareholders' Deficit .............................        (170,848)

TOTAL LIABILITIES AND
SHAREHOLDERS' DEFICIT ...................................      $      --
                                                               ==========

             See notes to unaudited condensed financial statements.

                                      F-1
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                                      STATEMENTS OF OPERATIONS
                               For The Three Months Ended June 30, 1997 and June 30, 1996 (Unaudited)
                                For The Six Months Ended June 30, 1997 and June 30, 1996 (Unaudited)
                          Period From Date of Inception (January 7, 1982) Through June 30, 1997 (Unaudited)



                                                                                                  Inception
                                          Three           Three           Six            Six        Through
                                          Months          Months         Months         Months       June 30,
                                           1997            1996           1997           1996          1997
Revenue:
<S>                                     <C>            <C>            <C>            <C>            <C>    
     Debt settlement ................   $      --      $      --      $      --      $      --      $    --
     Interest Income ................          --             --             --             --           61,208
                                         -----------    -----------    ---------    ------------     -------------
                                                                                                         61,208
                                         -----------    ---------    -----------    --------------   --------------
Expenses:
     Investigation, evaluation
       and exploration of
       prospective mineral properties          --             --             --             --        424,416
     Loss on investment securities ..          --             --             --             --         28,302
     General and administrative .....        75,238            100         96,925          7,602      767,874
    Amortization and depreciation              --             --             --            --           1,000
     Interest expenses ..............            31           --               67          --              67
                                           ----------    ----------    -----------    ----------     ---------
                                             75,269            100        96,992          7,602      1,221,659
Income (Loss) before income taxes ...          (100)       (96,992)        (7,602)    (1,160,451)
     Income taxes ...................       (75,269)          --             --         --                (183)
                                        -----------    ----------     ----------   ---------    ---------------
Net loss before extraordinary item ..       (75,269)   $     (100)   $ (96,992)   $   (7,602)   $    (1,160,634)
                                         -----------   -----------    ----------- -----------    ---------------
Extraordinary item - debt settlement          --             --             --         --               2,610
                                         -----------   ------------    ----------  ----------      -------------

NET LOSS ............................   $   (75,269)    $      (100)   $ (96,992)  $   (7,602)     $ (1,158,024)
                                          ==========    ===========    ==========  ===========     =============

NET INCOME (LOSS)
 PER COMMON SHARE ...................   $     (0.02)   $      --      $   (0.02)   $       --
                                           =========    ============  ===========      =======
Weighted average number
  of shares outstanding .............     4,566,192      4,420,366      4,566,192      4,420,366
                                           =========    ============  ===========      =========

                                       See notes to unaudited condensed financial statements.

                                                                F-2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                            STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                               Period From Date of Inception ( January 7, 1982) Through June 30, 1997

                                                                                     Additional
                                                                   Common Stock      Common Stock    Paid-In           Accumulated
                                                                      Shares            Amount       Capital            Deficit

Issuance of common stock to incorporators
<S>                                                                 <C>             <C>           <C>             <C>  
  for cash - 1992 .............................................     15,000,000      $     1,500   $      28,500            --
Change in number of shares issued to
  incorporators and price per share - 1983 ....................      2,142,857             214            (214)           --
Issuance of common stock fr cash - 1983 .......................     14,285,715           1,429          23,571            --
Public stock offering for cash, net of $111,627
  in underwriting expenses - 1984 .............................     49,500,000           4,950         378,423            --
Sale of warrants ..............................................           --              --               100            --
Net loss for the period from date of inception
  (January 7, 1982) through December 31, 1994 .................           --              --              --          (442,883)


Balance December 31, 1994 .....................................     80,928,572           8,093         430,380        (442,883)
                                                                   -----------     -----------     -----------     -----------

Reverse stock split, 1 for 1.500 in 1995 ......................    (80,874,160)         (8,088)          8,088            --
Issuance of shares for no determinable
 consideration - 1995 .........................................         76,667               8              (8)           --
Issuance of shares for cash - 1995 ............................        904,722              90         108,160            --
Issuance of shares for services - 1995 ........................      1,459,921             146         145,846            --
Issuance of shares for assets - 1995 ..........................      1,698,114             170         169,641            --
Issuance of shares for debt - 1995 ............................        226,500              23          22,627            --
Results of operations year ended December 31, 1995 ............           --              --              --          (318,514)
                                                                   ---------     ----------     -------------    -----------  

Balance December 31, 1995 .....................................      4,420,336             442         884,734      (761,397)
                                                                   ---------     ----------     -------------    ----------- 

Issuance of shares for costs of proposed merger ...............        100,000              10          29,990            --
Results of operations year ended December 31, 1996 ............           --              --              --          (299,635)
                                                                    ---------     ----------     -------------    -----------  
Balance December 31, 1996 .....................................      4,520,336             452         914,724      (1,061,032)
                                                                    ---------     ----------     -------------    ----------- 

Issuance of shares for services - 1997 ........................        100,000              10          71,990            --
Results of operations six months ended June 30, 1997 - ........           --               --              --         (96,992)
                                                                     ---------     ----------     -------------    -----------  
Balance June 30, 1997 .........................................      4,620,336     $       462     $   986,714     $(1,158,024)
             === ====                                                =========     ===========     ===========     =========== 
                                                                                                                                   =


                                       See notes to unaudited condensed financial statements.

                                                                F-3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                                  UNAUDITED STATEMENT OF CASH FLOWS
                                          Six Months Ended June 30, 1997 and June 30, 1996
                               Period From Date of Inception ( January 7, 1982) Through June 30, 1997
                                                                                                        Inception
                                                                        Six              Six             Through
                                                                       Months           Months           June 30,
                                                                        1997             1996             1997
                                                                     ---------        ----------      ------------

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                <C>               <C>               <C>         
  Net (Loss) ................................................      $   (96,992)      $    (7,602)      $(1,158,024)

  Adjustments to reconcile net (loss) to
  net cash used by operating activities:

      Increase (decrease) in accrued liabilities ............           25,068             1,584           312,358
      Services paid with common stock .......................           72,000              --             247,992
      Common stock issued for debt ..........................             --                --              22,650
      Loss due to permanent decline in investment ...........             --                --              28,302
                                                                     -----------       -----------       -----------

Total Adjustments ...........................................               76             1,584           611,302
                                                                     -----------       -----------       ----------

  Net cash (used) by operating activities ...................             --              (6,018)         (546,722)
                                                                     -----------       -----------       -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

  Capital contributions by incorporators ....................             --                --              55,000
  Proceeds from public stock offering .......................             --                --             383,473
  Issuance of common stock for cash .........................             --                --             108,249
                                                                    -----------       -----------       -----------
  Net cash provided by financing activities .................             --                --            546,722
                                                                    -----------       -----------       -----------
  Net increase (decrease) in cash ...........................               76            (6.018)             --

  Cash, beginning ...........................................              (76)            6,056              --

  Cash, ending ..............................................      $      --         $        38       $      --
                                                                    ===========       ===========      ===========


SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING
AND FINANCING ACTIVITIES:
      Issuance of common stock for services .................      $      --         $      --         $   247,992
                                                                   ===========       ===========       ===========

      Issuance of common stock for debt .....................      $      --         $      --         $    22,650
                                                                   ===========       ===========       ===========

      Issuance of common stock for investments ..............      $      --         $      --         $   169,812
                                                                   ===========       ===========       ===========

      Investments exchanged for debt settlements ............      $      --         $      --         $   141,510
                                                                   ===========       ===========       =========== 




                                       See notes to unaudited condensed financial statements.


                                                                 F-4
</TABLE>
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                          NOTES TO FINANCIAL STATEMENTS
June 30, 1997



NOTE 1:  Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and therefore,  do
not  include all  information  and  footnotes  required  by  generally  accepted
accounting  principles and should  therefore,  be read in  conjunction  with the
Company's  Annual  Report to  Shareholders  on Form 10-KSB for fiscal year ended
December 31, 1996.

In  management's   opinion,  the  accompanying   unaudited  condensed  financial
statements  contain  all  adjustments,   consisting  only  of  normal  recurring
adjustments  necessary  for a fair  statement  of the  results  for the  interim
periods presented.  The interim operation results are not necessarily indicative
of the results for the fiscal year ending December 31, 1997.

NOTE 2:  Common Stock Transaction

On April 9, 1997, the Company  issued  100,000  shares of the Company's  Class A
common stock to a  consultant  for  services  rendered.  The stock was valued at
$72,000  based  on the  average  of the bid and ask  prices  on the  date of the
corporate resolution authorizing issuance of the shares.

NOTE 3:  Additional footnotes included by reference

Except as  indicated  in the  footnotes  above there has been no other  material
change in the  information  disclosed in the notes to the  financial  statements
included in the Company Annual Report on Form 10-KSB for the year ended December
31, 1996. Therefore those footnotes are included herein be reference.

                                      F-5
<PAGE>
ITEM 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


     The Company has not had revenues from  operations in either of the last two
fiscal years. In July 1996, the Company  executed an agreement to acquire a Utah
company known as  InterConnect  West,  Inc. The Company  executed this agreement
with  the  intention  of   contributing   significant   amounts  of  capital  to
InterConnect and expanding  InterConnect's marketing focus. For more information
on the Company's  business plan with respect to InterConnect,  see the Company's
Form 10-QSB for quarter ended  September 30, 1996.  The Company was relying upon
its  ability  to obtain  outside  financing  to make the  capital  contributions
necessary  to expand  InterConnect's  operations.  Due  largely to delays in the
consummation of the acquisition,  the Company was unable to generate the capital
necessary  to finance the  successful  acquisition  of  InterConnect.  Under the
control of new  management,  the Company  executed an agreement to terminate and
rescind the acquisition of InterConnect on June 4, 1997.

     In  December  1995,   the  Company   acquired   Eurotronics   International
Incorporated,  a Nevada corporation which owned a computer  information  company
specializing in computer  software systems in Belgium ("EII").  In May 1996, the
acquisition of EII was rescinded because EII could not deliver audited financial
information  required  to be  delivered  by  EII  pursuant  to  the  acquisition
agreement.  Because both the EII and the InterConnect agreements were rescinded,
the Company did not consolidate the financial  statements of either InterConnect
or EII in the years 1995 and 1996.

     Since the acquisition of InterConnect  was rescinded,  the Company has been
searching for a viable  candidate for merger or  acquisition.  The Company lacks
any  significant  cash flow or assets and the  Company's  intent is therefore to
issue shares of its common stock as consideration  for any subsequent  merger or
acquisition.  This will  likely  result in  substantial  future  dilution of the
current ownership interest of the Company's shareholders. If the Company effects
a future  merger or  acquisition,  it will need  financing  to satisfy  the cash
requirements of its  merger/acquisition  partner. The nature and extent of these
requirements  will  depend upon the kind of  business  acquired by the  Company.
Given the Company's limited cash flow and history of operating losses,  there is
a  substantial  risk  that the  Company  will not be able to raise  the  capital
necessary to make a subsequent  merger or  acquisition  successful.  The Company
intends to raise capital primarily through private offerings of its common stock
and can  provide  no  assurances  that it  will be able to  generate  sufficient
capital in this manner. This is especially significant considering the Company's
inability to finance the acquisition of InterConnect.

     The Company  has been able to satisfy  many of its  obligations  by issuing
shares of its common stock.  Accordingly,  the Company has been able to meet its
obligations  without  expenditures  of its cash flows.  The  Company  intends to
continue this practice,  but the Company can provide no assurances  that it will
continue to be able to satisfy its obligations in this manner.

     The Company does not currently have any full or part time employees,  aside
from its officers and directors. The Company is substantially dependent upon the
services  of its  officers  and  directors,  who  have  no  formal  compensation
arrangements  with the Company.  If the Company  ultimately  effects a merger of
acquisition,  it will likely need to hire employees to perform the operations of
the  acquired  company.  The number of  employees  will depend on the nature and
extent of the business acquired.
<PAGE>
                                     PART II

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K



     (a)  Exhibits.  Exhibits  required to be attached by Item 601 of Regulation
          S-B are listed in the Index to  Exhibits  beginning  on page 6 of this
          Form 10-QSB, which is incorporated herein by reference.

     (b)  Reports on Form 8-K.  The Company did not file any reports on Form 8-K
          during the fiscal quarter ended June 30, 1997.
<PAGE>




                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 30TH day of September 1997.


                        Eurotronics Holdings Incorporated


                           /s/ Mel Fields
                           Mel Fields, President




     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.

Signature                     Title                          Date

/s/ Mel Fields                President and Director       September 30, 1997
  Mel Fields



/s/ Joe Betras                 Director                     September 30, 1997
  Joe Betras

<PAGE>
                                INDEX TO EXHIBITS


EXHIBIT NO.         PAGE NO.  DESCRIPTION OF EXHIBIT

10(a)(1)            *        February  11,  1997  Amended   Agreement   for  the
                             Exchange  of  Stock  executed  by and  between  the
                             Company,  InterConnect  West, Inc., Mark Tolman and
                             other parties  (incorporated herein by reference to
                             the  Company's  Form  10-KSB for fiscal  year ended
                             December 31, 1997).

10(a)(2)            *        June 3, 1997  Rescission  of Amended  Agreement for
                             the  Exchange  of Stock and  Mutual  Release of all
                             Claims   executed   by  and  beteen  the   Company,
                             InterConnect    West,    Inc.   and   Mark   Tolman
                             (incorporated  herein by reference to the Company's
                             Form  10-KSB for fiscal  year  ended  December  31,
                             1997).